- Private placement aims to support mine development and debt refinancing
- Funds will also explore acquisition opportunities and enhance operational growth
Accra, Ghana – Asante Gold Corporation in Ghana has announced a strategic equity financing agreement that will inject C$136 million (US$100 million) into the company’s growth and development. The financing deal will be conducted via a private placement, where the company will sell 90,666,667 common shares at a price of C$1.50 per share. The deal is expected to provide critical funding to advance Asante’s operational and expansion goals, including further development of its Bibiani and Chirano gold mines in Ghana.
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